{"id":39672,"date":"2023-10-18T09:40:23","date_gmt":"2023-10-18T09:40:23","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/10\/18\/european-shares-lack-direction-as-biden-arrives-in-israel\/"},"modified":"2023-10-18T09:40:23","modified_gmt":"2023-10-18T09:40:23","slug":"european-shares-lack-direction-as-biden-arrives-in-israel","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/10\/18\/european-shares-lack-direction-as-biden-arrives-in-israel\/","title":{"rendered":"European Shares Lack Direction As Biden Arrives In Israel"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks struggled for direction on Wednesday, as fears over an escalation in the Middle East conflict offset improved economic data from China. <\/p>\n<p>As Gaza ground invasion looms, a huge explosion at a Gaza hospital has derailed the diplomatic efforts led by the U.S. to reduce tensions in the region. <\/p>\n<p>On the data front, Eurostat reported that Eurozone inflation rose at a slower pace in September than in August, confirming initial estimates. <\/p>\n<p>Elsewhere, U.K. consumer price inflation remained elevated at 6.7 percent in September, bucking expectations for a further decline.<\/p>\n<p>The pan European STOXX 600 was marginally higher at 449.81 after ending marginally lower on Tuesday. <\/p>\n<p>The German DAX edged up 0.1 percent and France&#8217;s CAC 40 rose 0.2 percent while the U.K.&#8217;s FTSE 100 was marginally lower. <\/p>\n<p>German sportswear firm Adidas jumped 5 after raising its 2023 revenue guidance.<br \/>ABB tumbled 5.4 percent after the Swiss engineering group flagged a slowdown in revenue growth in Q4.<\/p>\n<p>Amsterdam-based Just Eat Takeaway.com soared 7 percent after raising its full-year adjusted EBITDA guidance. <\/p>\n<p>TotalEnergies climbed 1.2 percent and BP Plc rose about 1 percent as oil prices surged nearly 2 percent following Gaza hospital attack.<\/p>\n<p>British housebuilder Barratt Developments fell 2.5 percent after an announcement that it sees a 10 percent drop in reservation rates in Q1.<\/p>\n<p>Concrete-products company Marshalls jumped 6.7 percent after maintaining its full-year expectations.<\/p>\n<p>China-exposed luxury firms such as Richemont, LVMH, Kering and Hermes International all rose about 1 percent after a slew of China data came in above forecasts.<\/p>\n<p>Data showed China&#8217;s GDP grew at a 4.9 percent annual pace in July-September, down from 6.3 percent in the previous quarter but above forecasts for a 4.4 percent increase.<\/p>\n<p>Retail sales and industrial output figures for September also surprised on the upside, helping ease investor anxiety over the attainability of the official GDP target this year. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>European Shares Lack Direction As Biden Arrives In Israel<\/a><br \/>\n<br \/>2023-10-18 09:40:23<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks struggled for direction on Wednesday, as fears over an escalation in the Middle East conflict offset improved economic data from China. As Gaza ground invasion looms, a huge&#8230;<\/p>\n","protected":false},"author":2,"featured_media":39673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-39672","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/39672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=39672"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/39672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/39673"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=39672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=39672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=39672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}